Where is the Florida investment property?

Investment Properties in Florida: Why Investing is a Wise Decision
There are many reasons to buy an investment property in Florida, the most important being appreciation in value. Property values ​​generally increase while debt decreases; make real estate purchases a good investment. Every year since 1968, the national median home price has risen. Typically, home values ​​increase around the rate of inflation, with a higher increase possible. In recent years, median prices have risen by as much as 9 percent, making buying Florida investment property a good long-term investment. Building equity is an excellent reason to buy investment property in Florida. Equity grows over time for owners, while tenants see no return on their money. Buying a property forces you to save, making you a smart investor without realizing it. Owning an investment property in a Florida location can allow you to expand, purchasing a second and third property as rental earnings increase. Owning an investment property in Florida gives you borrowing power, the ability to use the equity in your property to borrow funds for your own use or for future investments. Owning an investment property in Florida gives you a sense of stability, not only from consistent rental income, but from the potential for it to become a regular seasonal vacation home for your family. Imagine the pleasure and ease of knowing where you are going to vacation, there is no need to decide on the place and try to compete for reservations, with prices that change every year. There is stability in owning a Florida investment property that can also be used as a family vacation resort.

Why the interest in Florida investment property?

Considering the large number of investment property locations on the market, Florida investment properties are one of the most desirable. Home to 11 of the 100 fastest growing counties in the country, an investment property in Florida has high potential for profit, unlike most other areas. Port St. Lucie, Miramar and Cape Coral are the fastest growing cities in Florida. It is unlikely that you will make a mistake when investing in Florida real estate considering the large number of tourists and new residents that flock to the land of sun and surf. The most difficult decision to make will be which Florida location to purchase. Good investments abound in every area of ​​the state, from Miami in the south to Clearwater on the Gulf Coast, east to Daytona Beach, and north to the Panhandle. The selection of a location depends on your goals for purchasing an investment property in Florida. Carefully consider what you intend to do with your Florida investment property. Will your purchase be used primarily as a rental property for vacationers? Do you intend to have access to the property during certain seasons? Or is your goal to rent the property to local tenants? Some of these questions will help you narrow down your search. Once you’ve determined whether your Florida investment property will be used primarily by vacationers or local renters, and whether you intend to use it as a vacation resort, it’s easier to choose a location.

Florida Investment Property Rentals

There are so many investment property location options in Florida, making it difficult to select the right location. Let’s start from the top! Do you want a location facing the sea, or near the coast, or would you prefer to select a property in an urban environment? Resort area or settled community, inland or beachside? Asking these questions helps you narrow down your search. Each area where a Florida investment property is located has its own flavor, its own attractions. Let’s start with the Miami area. Miami is located in the southeast corner of Florida and Miami Beach is a seven mile long island known as America’s Riviera. The home appreciation rate in the Miami area is approximately 11%, with a median home price of around $240,000. There are various offerings for single-family homes, beachfront properties, and oceanfront condominiums. Of course, condo and home prices are offered in a wide range, with exclusive areas bringing in up to $5 million. Condos and townhomes can be cheaper, depending on the location, but with rising prices and population density, even there it can be hard to find a bargain. Miami offers beautiful beaches with perennial sunshine, but traffic congestion and population growth may be a discovery for some. Just forty miles north of Miami is Boca Raton with five miles of coastline and beautiful beaches. The appreciation rate here is around 11%. Clearwater, on the west coast of Florida, is bordered by Clearwater Harbor and the Gulf of Mexico. Indian Shores is a small, historic community offering condominiums, gulf-front properties, and homes and townhomes on the Intracoastal Waterway. The appreciation rate for investment properties in Florida, Clearwater is around 9%.

Investment Properties in Florida – Daytona Beach, Jacksonville and Destin
Moving north in our search for Florida investment properties, let’s take a look at the Daytona Beach area. Daytona is known as a spring break and family recreation spot on the east coast of Florida, about 50 miles northeast of Orlando. Home prices are surprisingly reasonable here compared to other popular beach locations in Florida. Appreciation is around 10% with homes starting at $80,000. There is a wide variety of housing options, from inland or oceanfront properties, to townhomes and single-family homes, oceanfront or inland. Old houses abound, but there are also several new luxury construction projects. Let’s take a look further north in Jacksonville. Jacksonville is known as Florida’s river city because of the ever-present St. John River that flows through the city, ponds, and lakes. A modestly priced investment property in Florida can be found here ranging from $60,000 to several million. Appreciation is around 9% with home construction continuing to grow. Unique to Jacksonville is its diversity of neighborhoods and building styles. Destin is located on the Emerald Coast of Florida, on the Gulf of Mexico. It’s just south of Alabama and was recently voted the best beaches in the US Destin has great seafood and excellent golf and fishing. Home appreciation here is around 12% with median home price around $165,000. Condos and townhomes here start at $100,000 and can run into the millions in beachfront properties.

Investment Properties in Florida – Attractive Tourist Areas

Let’s play a little word association. I’ll say Florida and most people will probably say Walt Disney World, or something related to the Orlando area. Orlando has a strong tourism economy that attracts nearly thirty-five million visitors each year. Real estate is booming here with the median price jumping dramatically from $166,000 to $200,000, a 27% appreciation, making investing near Orlando a great adventure. Conway Belle Isle, East Orange County, Maitland/Winter Park and Northwest Orange County have experienced the most dramatic increases in property values. There’s a strong job market here with no recession forecast, keeping prices strong. There is a wide variety of properties to choose from, including starter homes, modest cabins, vintage homes, and stunning new developments. Orlando is called the City Beautiful and owes part of that title to its cleanliness, novelty and innovation, and variety of nearby lakes and attractions. Whether you’re considering a Florida investment property as a rental to locals, a vacation rental, or a rent-and-use property, Orlando is a great choice when it comes to location. Consider the many attractions options in the Orlando area. Walt Disney World would be the most prominent attraction card, followed by Sea World and Universal Studios. But along with these well-known attractions, there is a plethora of other hot spots. Wet-N-Wild draws a lot of the summer crowd, a great place to cool off on a scorching Florida summer day. Kennedy Space Center is a great day trip, as is Cocoa Beach, home of Ron Jon’s surf shop, and Daytona Beach, a world-famous spring break and family destination.

Investment Properties in Florida – Locations Near Disney World

Having established that owning an investment property near Orlando would be a wise investment decision, the search for a specific location now begins. Disney World, Sea World and Universal Studios are located on the south side of Orlando. Condominiums, townhomes, and single-family homes are commonly purchased as investments in this area. The closest thing to the Disney area is the community of Kissimmee, Florida. Kissimmee was a sleepy cow town just a decade ago. Now it is booming with tourist activity. A quaint downtown area still exists with a few cattle ranches on the outskirts, but overall, the flavor of Kissimmee now reflects its large tourist population. Close to Disney, 30-45 minutes away, is the lesser known town of Davenport, Florida. Surrounded by orange groves, it gives you the feel of rural old Florida, yet is close enough to major attractions to make this an attractive investment option. Looking to get into a ground floor investment opportunity? Bimimi Bay Resort, a new townhome complex now offering buying opportunities. The many amenities in the planning stages include a resort pool, 2 movie theaters, a major chain of restaurants, clubhouse, lazy river, food court, and many others. For the price of principal, interest, taxes, and insurance, the owner has many advantages of using the property for a minimal fee while on vacation and letting Bimimi Bay take care of all the rental headaches throughout the year. , and still receive a reliable monthly income. . It is a no-loss deal for investors.

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